Arizona Team Ownership an Embarrassment to Sports (please keep away if offended)

[desertdawg]

He didn't "get out" before the mess hit. He was forced into selling his share of the team in 2004 by the other owners. He also sold all his interest in the Suns, Rattlers, and Mercury that same year due to financial problems.

Coyardsalegello?

 

[40yearfan]

the 2000 census MSA for phoenix was 3.25M and St. L was 2.6M .... not exactly worlds apart ... especially when you break down demographics to account - such as in 1990 St. Louis being at 2.49M and phoenix at 2.24M ..... those season ticket holders and fans in St. Louis had always been there and always been cardinals fans

Not only was the team new to phoenix - but so were the people ... they hadn't held season tickets for the past 10-20 years here

Also not to mention that the phoenix population tends to shrink in the summer and has a whole lot of really young people

For phoenix alone about 30% of the population was 17 and under in 2000 - that's at least 5% more than a place like st. louis

However, in 2002 they outdrew St. Louis

They also outdrew LA, the Mets or fans from any "baseball city" not named Seattle, NYY or SF

And because of this, Colangelo didn't go broke and have to sell all his sports teams?

 

[MigratingOsprey]

Absolutely not ..... He lost more money trying to develop downtown and create a district around the stadium then he did on the team

Also, if his business plan required 45k-50k per night to last it was flawed beyond repair ..... That too isn't the fans fault

 

[40yearfan]

Absolutely not ..... He lost more money trying to develop downtown and create a district around the stadium then he did on the team

Also, if his business plan required 45k-50k per night to last it was flawed beyond repair ..... That too isn't the fans fault

The Dbacks were $150 million in debt. How much did he lose on the downtown development?

Phoenix is not a baseball town. If it was, this gambit could have worked.

 

[MigratingOsprey]

No it couldn't have add attendance was as good as anyone could expect .... Even outdrawing baseball towns

There was no attendance problem

 

[Brian in Mesa]

http://en.wikipedia.org/wiki/Jerry_Colangelo#Exit_from_sports

In April 2004, Colangelo sold the Suns, Mercury and Rattlers to an investment group headed by San Diego, California businessman, Tucson, Arizona native Robert Sarver for $401 million. The sale allegedly came in part to keep his family from having to pay high estate taxes upon Colangelo's death.

Late in the 2004 baseball season, Colangelo sold his controlling interest in the Arizona Diamondbacks to a group of investors led by Jeff Moorad. The estate tax issue played a role, though another factor was that Colangelo's partners were upset at the team's large debt. The D-Backs were almost $150 million in the red at the time, largely because of Colangelo's "win now" strategy.

 

[Cheesebeef]

http://en.wikipedia.org/wiki/Jerry_Colangelo#Exit_from_sports

In April 2004, Colangelo sold the Suns, Mercury and Rattlers to an investment group headed by San Diego, California businessman, Tucson, Arizona native Robert Sarver for $401 million. The sale allegedly came in part to keep his family from having to pay high estate taxes upon Colangelo's death.

Late in the 2004 baseball season, Colangelo sold his controlling interest in the Arizona Diamondbacks to a group of investors led by Jeff Moorad. The estate tax issue played a role, though another factor was that Colangelo's partners were upset at the team's large debt. The D-Backs were almost $150 million in the red at the time, largely because of Colangelo's "win now" strategy.

stop using facts to negate 40's completely made up assertions.

 

[Darkside]

It does tend to ruin a good argument.

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